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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Retail properties & Spaces
359 Greenwich Ave Greenwich, CT 06830-6505
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US15-1010466
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2000
Construction
STEEL FRAME
Total area
32,460 SF
Lot
1.16 ac (50,530 SF)
Zoning code
CGBR
APN
GREE M:01 B:1519/S
UPID
US15-1010466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Olivine Gabbro Clothing & Fashion Store
-
Ermenegildo Zegna at Richards Clothing & Fashion Store
-
Smileology Eco Dental Spa Dental Office
-
Richards Parking Lot (Propark) Parking Lot & Garage
-
Guia Texcoco Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$4.13M
Owner & transaction history
7 Mg Realty LLC · 12 yrs held
7 Mg Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
CGBR · Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenwich submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwich submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,035,000
Current use
OFFICE BUILDING
$5,665,000
Change: -6% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,145,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$331,888
Tax year 2023
Assessed value
$28,522,550
Assessed 2023
Previous assessed
$28,522,550
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$16,912,140
Assessed improvement
$11,610,410
Applied tax rate
124.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
1
Total area
32,460 SF
Lot
1.16 ac (50,530 SF)
Zoning code
CGBR
APN
GREE M:01 B:1519/S
UPID
US15-1010466
Jurisdiction
GREENWICH
Zoning & alternative use
CGBR · Greenwich, CT
Zoning CGBR · permitted uses
CGBR · Greenwich, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenwich. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
7 Mg Realty LLC
Entity
Mailing address
670 POST RD E, WESTPORT, CT 06880-4520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2014
—
7 Mg Realty LLC
359 Greenwich Ave LLC
Warranty Deed
$19,500,000 · Bank Of America
Jul 28, 2004
—
359 Greenwich Ave LLC
—
Deed Of Trust
related
$22,825,000 · Lehman Brothers Bank Fsb
Jun 10, 1999
$231,745
Seven Mg Rlty
Charlie Mason Ptnrs LP
Warranty Deed
—
Jun 10, 1999
$6,000,000
Seven Mg Rlty LLC
Bitton,maurice
Warranty Deed
—
Jun 10, 1999
$268,255
Seven Mg Rlty LLC
Ge 1100 LP
Warranty Deed
—
Nov 28, 1989
$1,200,000
Charlie Mason Ptnrs
Russo,anthony
Grant Deed
—
Jun 22, 1989
$1,300,000
G E 1100 Ltd Ptr
Greenwich Auto
Grant Deed
$31,000,000 · Zuckerman Family Nomi
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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